More than 120,000 VAT-registered businesses in the UK missed the August deadline to file returns through Making Tax Digital (MTD). HMRC confirmed that around 116,000 businesses with quarterly obligations and 5,000 firms that file monthly returns did not sign up in...
New EU standards, due to take effect from 14 September 2019, will change the way some banks connect to Xero. To comply with the new requirements, many of Xero’s bank feeds will be replaced by new direct feeds using Open Banking. What is Open Banking? Open Banking...
More than half of UK companies are said to be holding off mergers and acquisitions as market uncertainty causes a risk aversion. Chief amongst factors causing the uncertainty is Brexit and current risk appetite levels are the lowest since the financial crisis of 2008....
Sole traders and the self employed who work with the private sector will have to pay increased tax after the government said it would continue with plans to level the playing field between employees and those in the gig economy. From April next year it is estimated...
